Quadient acquires 96% of Beanworks

Tuesday 23 March 2021 14:08 CET | News

Quadient has signed a definitive agreement to acquire Beanworks, a company specialising in Software as a Service (SaaS) Accounts Payable Automation solutions. 

Following the acquisition of YayPay in 2020, the acquisition of Beanworks brings cloud-based Accounts Payable (AP) automation capabilities to Quadient’s business communications management suite featuring Quadient Inspire and Quadient Impress. With a SaaS AP/AR automation offer, Quadient is now positioned to address the e-invoicing regulations in Europe and the demand for cashflow management solutions, bringing control and visibility to accounting teams.

At the closing of the transaction, Quadient will own a majority stake of 96% in Beanworks, with two key leaders retaining a minority equity stake. 

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Keywords: fintech, SaaS, acquisition, accounts payable, cloud, e-invoicing, cash flow
Categories: Banking & Fintech
Countries: World
This article is part of category

Banking & Fintech